What AI nationalization could really look like

Senator Bernie Sanders wants the American public to own half of the country’s largest AI companies. The senator said this week that he will soon introduce the American AI Sovereign Wealth Fund Act, which would create a public fund through a onetime 50% tax on the stock of major artificial intelligence companies. The public, in his telling, would get voting shares, board representation, and eventually a claim on the trillions of dollars that AI may generate. While that might sound, at first...